Insurance 12,000 4,800 16,000 Water and electricity Wages and salaries Rental income Interest income Prepaid insurance as at 1 Nov 2018 Accrued wages and salaries as at 1 Nov 2018 Accrued rental income as at 1 Nov 2018 9,900 6,000 1,500 2,000 1,800 The following adjustment were to be made on 31 October 2019: a) RM1,800 of wages and salaries was not paid b) Prepaid insurance amounted to RM1,000 c) RM500 of the interest income was not received d) RM900 of the rent income was for November 2019 e) Water and electricity bills for RM800 were not paid.
Insurance 12,000 4,800 16,000 Water and electricity Wages and salaries Rental income Interest income Prepaid insurance as at 1 Nov 2018 Accrued wages and salaries as at 1 Nov 2018 Accrued rental income as at 1 Nov 2018 9,900 6,000 1,500 2,000 1,800 The following adjustment were to be made on 31 October 2019: a) RM1,800 of wages and salaries was not paid b) Prepaid insurance amounted to RM1,000 c) RM500 of the interest income was not received d) RM900 of the rent income was for November 2019 e) Water and electricity bills for RM800 were not paid.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
a) prepare the statement of profit or loss and other comprehensive income ( extract) for the year ended 31 october
b)prepare
c) comprehensive
![2. The following balances were extracted from the ledger of CTSha Trading as at 31
October 2019.
DEBIT (RM)
12,000
4,800
CREDIT (RM)
Insurance
Water and electricity
Wages and salaries
Rental income
Interest income
Prepaid insurance as at 1 Nov 2018
Accrued wages and salaries as at 1 Nov 2018
Accrued rental income as at 1 Nov 2018
16,000
9,900
6,000
1,500
2,000
1,800
The following adjustment were to be made on 31 October 2019:
a) RM1,800 of wages and salaries was not paid
b) Prepaid insurance amounted to RM1,000
c) RM500 of the interest income was not received
d) RM900 of the rent income was for November 2019
e) Water and electricity bills for RM800 were not paid.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93e8ceb2-98db-422e-b52e-1ce51c33f9d7%2F6c6fe3f9-d2db-4c95-a43a-45fe078bc8a0%2Fpmkqzdn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. The following balances were extracted from the ledger of CTSha Trading as at 31
October 2019.
DEBIT (RM)
12,000
4,800
CREDIT (RM)
Insurance
Water and electricity
Wages and salaries
Rental income
Interest income
Prepaid insurance as at 1 Nov 2018
Accrued wages and salaries as at 1 Nov 2018
Accrued rental income as at 1 Nov 2018
16,000
9,900
6,000
1,500
2,000
1,800
The following adjustment were to be made on 31 October 2019:
a) RM1,800 of wages and salaries was not paid
b) Prepaid insurance amounted to RM1,000
c) RM500 of the interest income was not received
d) RM900 of the rent income was for November 2019
e) Water and electricity bills for RM800 were not paid.
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